Gold News

Gold dealer reveals record orders

A Winchester-based precious metals and jewelry dealer said yesterday (April 5th) that it is experiencing record demand for its gold products, reports.

Investors have been Buying Gold in their droves ever since the beginning of the credit crisis as the yellow metal has comfortably outperformed most other asset classes.

While SilverTrowne will not necessarily champion Investing in Gold, it has revealed that it is struggling to match orders as people look to snap up its gold-based offerings.

Rita Graft from the company told the news provider: "We have so many orders to fill, we're about four to five weeks out to make it.

"I've worked here for 27 years and we've always had one shift (of workers manufacturing medallions and ingots), and now we have two shifts. We've definitely seen a big increase."

Ms. Graft's comments come after Lawrence Roulston, a hugely experienced mining industry consultant who previously worked as an analyst for Cominco, suggested that gold buying is being supported by a number of factors.

"Investors, still shell-shocked from the financial crisis, have turned to gold as a safe haven," he told Vietnam News.

"[They] are becoming more aware that debts of that magnitude are leading to massive increases in money supplies.

"Over time, that money will become less valuable in relation to hard assets, with gold being the most evident."

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